The Lebnan protests are continuing for the second night. The clashes between protesters and the security forces were raged. Nearly 33 people were injured in the protest in Beirut and Tripoli.
The protest started for lowering economic and living standards which continued all night on Friday. Protesters hit stones and fireworks on the police army and in reverse the forces opened the tear gas.
The first of the protests was on Thursday where several Lebanese citizens came out to raise voice against the downfall of pound currency. The pound value in Lebanon deteriorated by 70% of its value from October which reached very low levels due to coronavirus pandemic.
Pound currency is to halt in Lebanon and on Friday, the government announced that the central bank will inject US dollars into the market to prevent the downfall of pounds.
Beirut officials to have talks with the International Monetary Fund for a reform programme which saw chances of securing the billion of dollars in financing. This can put the economy back to normal.
Many Lebanese citizens who rely on pound currency savings will be pushed into extreme poverty. Presently, more than one third of the population is unemployed.
One protestor said “I just want a job so I can live. We don’t believe all the measures taken by the government to improve the dollar exchange rate.”
Lebanon Prime Minister Hassan Diab held a cabinet meeting on Friday after the burning of roads and vehicles.
The root cause of the crisis is linked to the corruption and soaring food prices, unemployment and capital controls. These issues are continuing over the years in Lebanon. Such unfair and unbalanced affairs in the country pushed the hard currency savings.
